About your Search

20121229
20121229
Search Results 0 to 17 of about 18 (some duplicates have been removed)
the live cliff. >> remember, last year it? was part of a deal to end the debt ceiling crisis. congress agreed to steep a spending cuts going into reduce the deficit. cuts now are just around the corner. >> the president says he's optimistic but did f.a deal can not be reached he'll tell hairy reid to introduce a fall back bill. >> put a bill making sure tax on middle class families don't goup, that unemployment is available for two million people z that lays ground work for additional deficit reductions and economic growth steps we can take in the new year. >> the bill, as the president calls bare minimum isn't what many hoped for, pushing off until next year, larger pron lems of dealing with the cuts. the study by george mason university found cuts will result in two million jobs lost and a $215 billion drop in the nation's gross domestic product. for california, it means defense spending will be cut by half a billion dollars, 12,000 children would lose their access to head head start programs and fewer women would receive screening. 7,000 victims of domestic violence would lose servi
that this is a crisis that was created by congress. >> absolutely. a year and a half ago during the debt ceiling negotiations, they put this in place and they pushed it back to now to try to get them to this bigger deal that everybody was talking about and we had included spending cuts and a tax increase and this was supposed to be the deadline and now people are talking, can we push this back and come back and cut taxes and no one wants to make this decision, but they're going to have to soon, and i think all of this pressure on congress right now is going to lead to some sort of agreement whether it's now before january 1 or shortly thereafter, but something will happen this time. >> david jackson, if the senate can't reach a deal and there is an up or down vote, how might that affect the way that congressional republicans vote? >> i think the white house strategy is to try to push for a vote and if it goes down to blame the republicans. either way, if there is a vote or not a vote, in the short term the republicans will take more of a hit on this. david jackson, david nakamura, we appreciate
's not forget last year's debt ceiling debacle, which president obama has vowed never to repeat. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. >> won't play that game. never done in history. will the president stick to that and not allow another debacle, a debacle, if we want to be british or american, of the debt ceiling vote to be tied to budget cuts like it was last time around? >> whether it's a debacle or a debacle. we'll find out very, very quickly. the president is standing his ground so far, he is saying that he is not going to compromise on what was essentially a very central issue in the campaign. that is, are we going to see bush tax cuts continue for people who are richer than $250,000 and, you know, the republicans in congress, as you recall, last week, they said that they will not vote a tax increase, even on millionaires. house republicans have b
of the 112 congress, their belief is they are doing precisely what the people who elected them did, which is rolled back obama initiatives, cut spending. a lot that the debt ceiling should not be increased under a circumstances where they feel like i was a failure. but they basically believe their job is first to obstruct barack obama and once there is a republican president in place to pass this initiatives that create better business climate. more and more deregulation committee funding of programs that have never quite been near and dear to them. i think they do believe -- of course to fast-forward a bit about the debt ceiling fiasco of 2011, but after the summer we were taken to the brink of a fiscal cliff, one we are about to see it it can come in to thinking part of the house republican leadership was maybe her tea party freshman will go home, get yelled at by constituents and they'll realize this compromise is not such a bad thing. the opposite occurred. he went home and people go to town halls tend to be the activists of their party and those people tend to be tea party and everyo
that the voting begins. there is some progress report this evening, though there are no guarantees. congress will act to resolve this. tom: this sounds a little bit like bob woodward's book to by bob woodward's book when he talked about the debt ceiling fight back in 2011. mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind of cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and in the house. the house leaders were non-committal. you also go back to the first time the bush tax cuts were expiring back in 2010, that was a deal cut between vice president joe biden and minority leader mitch mcconnell at that time where they stand at all the tax cuts and apparel tax cut and the unemployment benefits. so the leader coming in again trying to up for some type of compromise and get to the senate. for now the white house i
the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is talking about armageddon because of the debt ceiling. i would be terrified if i were not in the market putting my toe in this. there will have to be buying opportunity if people panic and sell. >> which market, adam? that can be the story of 2003 and headlines are obviously scary they have a tendency to sell stocks and buy bonds. that is the safe move. i think the reverse will be true in 2013 and stocks will look quite attractive versus bonds. a highly manipulated market government stepped in and tried to hold interest rates low. once inflation starts to show its head, i think bonds, supposedly the safe asset that could be where the real danger lurks in 2013. adam: jonathan i will let spencer respond to that i heard similar comments last four years get out of bonds, get out of bonds. spencer, what do you think?. >> i don't see anything compelling about sto
and why we're not doing it now. >> what's your new year's resolution and what should congress' new year's resolution should be? >> i think it should be that they should not take the debt ceiling hostage as he was talking about earlier. if you want to go from the crazy self-inflicted wound to why the another episode then we should get out. the president should stick to his guns. do not negotiate on the debt ceiling. >> jimmy? >> at this point they might want to take the sequester. the goal for next year, reform the tax code so it's actually pro-growth. we want to keep 98% of the functioning tax code. >> robert and blake, i am so sorry. we've run out of time and you've all been great guests and i appreciate it. >> have a great weekend and be sure to stick with cnbc throughout the weekend for the latest on the fivenlgal cliff including sunday night at 8:00 p.m. the senate will be in session. be sure to catch president obama exclusive "meet the press" sunday morning and check your local nbc stations and that's it for tonight. thanks for watching. [ male announcer ] how do you trade? with sc
dysfunction in washington, particular dysfunction in the republican house congress at the moment. but that's another issue we'll discuss. let me bring annie lowry into this discussion. senior economic policy reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make any sense. >> yeah. it doesn't. and i think that if you look even a month or two ago, folks were talking about starting a tax reform, clean up the code, freeing up money to invest in things like education. nobody's talking about that anymore. you know, right now they're really struggling to figure out what to do with the tax cuts. and, you know, they're not even talking about the sequester very much anymore, which would -- you know, the tax cuts, they would hurt immediately. and everybody's taxes are going up next
's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose the ability to borrow money. both democrats and republicans deploy scorch earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to $1 trillion in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect starting january 2013. at the exact moment when those bush tax cuts extended for two years, if you remember, would expire. so the point is, we could've all seen this coming and some of us did. we yelled at the top of our lungs by it, but we were drowned ou
republicans in congress, forbids signatories from raising taxes ever, under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. both democrats and republicans deploy scorched earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. >>> but in a last minnesota minute compromise, both sides agree to $1 trillion in spending cuts up front, and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect, starting january 2013. at the exact moment when those bush tax cuts extended for two years, if you remember, would expire. so the point is, we could have all seen this coming and some of us did. we yelled at the top of our lungs about it, but we were drowned out by
congress, their belief is they are doing precisely what the people who elected them wish to do, which is rollback obama initiatives to cut spending. a lot of them thought the debt ceiling should not be increased under any circumstances and to that degree feel like i was. they basically believe their job is to obstruct barack obama and once there is a republican president in place from the two pass this initiative secreted better business climate, more and more deregulation committee funding of programs that have never quite been near and dear to them. of course to flash forward a day, i suspect we'll talk about the debt ceiling fiasco of 2011. after that summer undertaken to the brink of a fiscal cliff, the thinking on the house republican leader ship is maybe a tea party freshmen will go homehome, get yelled at by constituents and realize maybe compromise is not such a bad thing. they went home and the people who put at town halls tend to be that this is their party and those people tend to be tea party and they said why did video? you said you would not under any circumstances raise
is stumble forward for a couple more months until we hit the debt ceiling and then face another crisis which is really a crisis of confidence in the government. i just can't imagine that the american people can tolerate this much longer, but they're stuck with this congress for the next two years. i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at least five major provisions where at least two-thirds of the membership supports even though the leadership of the nra and, of course, the gun manufacturers who pay their salaries don't necessarily support. but the -- they oppose them. one would be background checks on purchasers and gunshop employees. 40% of guns bought today don't require a background check because of the gun show loophole and gunshop employees don't r
Search Results 0 to 17 of about 18 (some duplicates have been removed)